The Nordic weather forecasts made it increasingly clear that a weather change was under way last week. Following several weeks of temperatures below normal, the level is now expected to be around 3-4 degrees above average from the middle of week six. These changes resulted in significant price falls across the Nordic energy market last week. The Q2-19 contract has fallen by EUR 3.60/MWh (approximately 7.5%) to EUR 43.90/MWh, while the YR-20 contract has fallen by EUR 1.61/MWh and is now trading at a price of EUR 36.90/MWh.
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February 14 2019. Both spot and forward prices on the Nordic power market have dropped significantly over the last weeks, and the losses equal the ones the market experiences during September last year.